Bear Stearns reached a deal Sunday to sell itself to J.P. Morgan—at a fire-sale price. J.P. Morgan will pay $2 a share for the teetering bank, less than one-tenth of the price that its shares were trading for on...
Eliot Spitzer, who’s dramatic demise over the past few days has been covered backwards and forwards by every media outlet in the country, is not getting a lot of sympathy from Wall Street reps or executives...
Derivatives are certainly having their day in the sun. Congress is considering new tax treatment for certain derivatives, including prepaid derivative contracts and exchange-traded notes (ETNs). The House Ways & Means...
Registered Rep.: Why has there been so much buzz about actively managed ETFs? Sonya Morris: The ETF market has grown at a torrid pace in recent years, but the vast majority of individual investors' assets (some $9...
Did you think financial advisors would be immune to the sub-prime crisis? Think again. Sure, you've heard that credit markets are tight. Capital is obviously still scarce at the big Wall Street firms, which have...
Looks like there's quite a market for new wealth-management software tools. Some 75 percent of wealth managers are or very frustrated with their current software tools, according to a recent survey of North American...
Actively managed ETFs are ready to hit the market. Industry executives and regulators have been talking about this moment for years, as low-cost, tax-efficient passive ETFs surged in popularity. But it’s looking...
Morgan Stanley announced plans this week to sell its Spanish brokerage- and asset- management business to La Caixa, a Spanish financial-services firm, for $885 million
Maybe Merrill Lynch CEO John Thain just wanted to test his audience. At an investment conference today, Thain said that Merrill would abandon CDO underwriting and other structured-credit businesses, the very ones that...
